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Omani oil company has pushed out maturity by a year
Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Volume dips only slightly despite there being a third fewer transactions
Strong appetite from international banks for first gigascale 24/7 solar plant
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Mobile telecommunications company Zain Saudi has extended the maturity of the outstanding Sr9bn ($2.4bn) on a Sr9.75bn murabaha financing for three weeks — the fourth payment deferral it has obtained from bank creditors. The new due date is December 19.
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Justin Crane is going to join Standard Chartered next year, working alongside Cristian Jonsson, who has been picked to become the bank’s next global head of loans. Crane, who left Credit Suisse last week, will become the head of loan distribution at the firm.
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Lending officials from more than 20 different banks attended a meeting held by Indonesian power company Pertamina this week, giving bankers on the deal a lot of confidence that they will be able to cover the loan before the end of the year.
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Rural Electrification Corp allocated a $250m three year loan earlier this month, and this week the bookrunners confirmed the final allocation splits between the nine banks that contributed to the deal.
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Loans bankers working on a $500m refinancing for Sateri Holdings are in discussions with lenders in Asia and Latin America about joining the deal, but they have still not come up with a firm deadline for commitments.